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PBS
Dec 4, 2012 2:30pm PST
compared it to lead to saudi arabia or egypt before the arab spring -- italy to sell the radio or egypt before the arab spring, it is good in the long run to mitigate the black swan risk. tavis: what might he have done differently? >> if you were self-employed, he would've had skills to fix the market. he had one employer dependent on bad employer, permitted his position and now he does not have any skills. he could have done differently if he had changed jobs or changed skills. it is overall like a system -- small corporations have more variations and they're forced to adapt a faster. tavis: if you are watching this program right now and you are listening to this example and you are closer to the 53-year- old scenario than you are to the taxi driver, what is the professor's advice to that person before they get to the point where they get laid off and they're 53 and cannot find a job right away? >> never think that lack of variability is stability. do not confuse lack of volatility with stability ever. tavis: y the think most of us do that? are we condition that way -- why do you think
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